by our College Data Analytics TeamThis page focuses on the debt students take on to attend Phagans Medford Beauty School: median debt, the percentile spread, total borrowing including PLUS loans, and the cost to repay. These figures are reported by the Department of Education and IPEDS.
For incoming students at Phagans Medford Beauty School, 71% of incoming undergraduates borrow in year one, averaging $5,784 each, across private and federal loan sources.
The typical federal loan comes to $5,784. That is at or past the $5,500 federal first-year limit for the typical dependent freshman. Note that average undergraduate loan amounts shown later do not include private loans — so the full freshman figure above is not directly comparable.
Across the full undergraduate body at Phagans Medford Beauty School (freshmen included), 73% take out federal student loans, averaging $5,997 a year. It comes to 3.7% larger than the $5,784 borrowed by freshmen.
At a steady annual pace, that totals around $11,994 by year two and around $23,988 across a four-year program. This projection keeps yearly federal borrowing flat and excludes private and Parent PLUS loans.
| Undergraduate federal borrowing | Value |
|---|---|
| Share using federal loans | 73% |
| Average federal loan per year | $5,997 |
| Undergraduates with a federal loan | 36 |
| Total federal loans (one year) | $215,886 |
The median student at Phagans Medford Beauty School borrows $8,142 in federal borrowing.
| Borrower group | Median federal debt |
|---|---|
| All federal borrowers | $8,142 |
The median hides the spread, so the percentiles below show cumulative federal debt at four points in the distribution for Phagans Medford Beauty School.
| Percentile | Cumulative Federal Debt |
|---|---|
| 25th percentile | $5,193 |
| 75th percentile | $11,416 |
Repayment burden translates the debt figures into what a borrower actually pays each month. Phagans Medford Beauty School.
The default rate measures how many borrowers fall behind and ultimately fail to repay their federal loans. The federal two-year cohort default rate for Phagans Medford Beauty School appears below.
| Metric | Value |
|---|---|
| 2-year cohort default rate | 3.4% |
| Borrowers in the cohort | 58 |
A lower default rate generally signals that graduates earn enough to manage their loan payments.
Subsidized vs. Unsubsidized Loans
Unsubsidized federal student loans accrue interest every month — even while you are still enrolled. Unless you pay that interest as it builds, the balance you owe at graduation can be noticeably higher than the amount you originally borrowed.
Did You Know?
Federal student loans are not discharged in bankruptcy in all but the rarest cases, and the government can withhold part of your income or tax refund if you default.
References
More about our data sources and methodologies.